WASHINGTON: The US Federal Reserve (Fed) should proceed carefully when deciding whether or not to increase interest rates further to bring down inflat...
The US Federal Reserve should proceed carefully when deciding whether or not to increase interest rates further to bring down inflation, two senior officials said on Monday .
Although inflation remains stuck above 2%, the labour market has so far remained historically strong, and economic growth appears resilient, raising the chances of a soft landing. The comments from two members of the rate-setting Federal Open Markets Committee echo previous statements from Fed chair Jerome Powell, who has urged policymakers to follow a data-dependent path on interest rates.
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